Plan Ledger DOL Form 5500 · updated monthly

Shields Business Solutions Inc401(k)

SHIELDS BUSINESS SOLUTIONS, INC. 401(K) PLAN · MOORESTOWN, NJ · plan year 2022

Reported admin expense ratio · 2022
0.37%

Shields Business Solutions Inc reported $6,224 in plan administrative expenses for 2022: 0.37% of average plan assets, below the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New Jersey (2,179th of 2,419), and 4,094th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$1,533,113
Participants with balances31
Active participants89
Employer contributions—
Employee contributions$85,878
Employer contribution per active participant—
Average account balance$49,455
Benefits paid to participants$43,737
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSENALLEN LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$2,393
Investment management$3,831
Total administrative$6,224
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$6,224 · 0.37%
Similar plansWholesale Trade · New Jersey
Everflow Supplies Inc NJ$2.1M · 0.86%
Capital Hardware Supply LLC NJ$2.1M · 1.35%
Complete Document Solutions, LLC NJ$2.0M · 0.89%
Roche Bobois USA LTD NJ$1.6M · 0.76%
Rj Brands, LLC D/B/A Chefman NJ$1.3M · 2.44%
Regent Cabinets, LLC NJ$1.2M · 1.63%
Rainforest Distribution Corp NJ$1.2M · 0.61%
The Folsom Corporation NJ$954K · 0.12%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 231732634 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.